Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Publishing timestamp: 2024-04-26 08:59:14
Summary
Microsoft's demand for consumption-based AI services in the cloud is outstripping supply, leading to a significant increase in capital expenditures. The company is facing a shortage of data center infrastructure for deploying AI models, which is impacting its revenue growth. Other companies in the AI hardware industry, such as Nvidia, are also facing supply challenges. Microsoft plans to increase capital expenditures to meet the growing demand for its cloud and AI products.
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Keywords: business, amazon.com inc, business news, technology, microsoft corp, enterprise, nvidia corp, breaking news: technology,